Reckitt Benckiser food business (French's, Frank's RedHot) acquired by McCormick & Company
McCormick & Company acquired Reckitt Benckiser food business (French's, Frank's RedHot), an United States & Canada food brand, on Aug 17, 2017.
Transaction summary
- Target
- Reckitt Benckiser food business (French's, Frank's RedHot)
- Acquirer
- McCormick & Company
- Seller
- Reckitt Benckiser Group plc
- Announced
- 2017-07-18
- Geography
- United States & Canada
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-31
- Latest update
- 2026-10-31
Value and multiples
100% enterprise value
USD 4.2B
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
7.23x
Period: 2017E
Basis: Public source
EV / EBITDA
19.5x
EBITDA basis not stated
Basis: Public source
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 4.2B
Basis
- Reported value: US$4.2bn. Multiples use revenue of US$581m (2017E) and EBITDA of US$215m (2017E).
Source summary
McCormick & Co Inc - Form 8-K Ex. 99.2 investor presentation (July 2017)
Confirmed2017E revenue of $581 million and Adj. EBITDA of $215 million
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